Earnings Releases·Nov 3, 2026, 8:16 AM ET

Pinnacle West — 2026 Third Quarter Earnings Summary

Consolidated net income attributable to common shareholders rose 5.1% year-over-year to $434.2 million ($3.49 per diluted share) in Q3 2026, while operating revenues increased 8.3% to $1,972.7 million.
The company raised its full-year 2026 consolidated earnings guidance to $5.05–$5.25 per diluted share, citing strong customer growth, a 9.5% weather-normalized sales increase, and favorable weather impacts.
APS achieved a record peak demand of 9,166 MW in August 2026, with the Integrated Resource Plan projecting electricity needs to more than double by 2041.
Management reaffirmed the "Growth should pay for growth" strategy to fund infrastructure via new large customers and announced $33 million in customer bill credits effective November 2026.